As of August 2023, the number of voluntary monthly liquidations was relatively lower compared to the previous year, with 128 liquidations as opposed to 144. This presents a distinct difference compared to the number of compulsory monthly liquidations. The highest amount of voluntary liquidations was recorded in 2020, with August accounting for 215 liquidations.
Number of monthly voluntary liquidations in South Africa from 2020 to 2023
Voluntary liquidation occurs when the shareholders of a company/close corporation decide to close the company on their own terms after passing a special resolution undertaking that the company/close corporation is to be liquidated.
Compulsory liquidation is a procedure where the assets of a company/close corporation are sold to pay off creditors. The residual assets will then be distributed between the shareholders and finally, the company will be closed.
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Statistics South Africa. (September 28, 2023). Number of monthly voluntary liquidations in South Africa from 2020 to 2023 [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1382434/number-of-monthly-voluntary-liquidations-in-south-africa/
Statistics South Africa. "Number of monthly voluntary liquidations in South Africa from 2020 to 2023." Chart. September 28, 2023. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1382434/number-of-monthly-voluntary-liquidations-in-south-africa/
Statistics South Africa. (2023). Number of monthly voluntary liquidations in South Africa from 2020 to 2023. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1382434/number-of-monthly-voluntary-liquidations-in-south-africa/
Statistics South Africa. "Number of Monthly Voluntary Liquidations in South Africa from 2020 to 2023." Statista, Statista Inc., 28 Sep 2023, https://www.statista.com/statistics/1382434/number-of-monthly-voluntary-liquidations-in-south-africa/
Statistics South Africa, Number of monthly voluntary liquidations in South Africa from 2020 to 2023 Statista, https://www.statista.com/statistics/1382434/number-of-monthly-voluntary-liquidations-in-south-africa/ (last visited January 04, 2025)
Number of monthly voluntary liquidations in South Africa from 2020 to 2023 [Graph], Statistics South Africa, September 28, 2023. [Online]. Available: https://www.statista.com/statistics/1382434/number-of-monthly-voluntary-liquidations-in-south-africa/
